9:15 pm Pacific
The Venture recovered from some minor weakness in the morning to finish at another post-September high (807) at the close, further confirmation the new uptrend that started December 20 at the correction low of 711 is gaining traction. The Index is now up 5.9% for January, on pace for one of its best starts to any year.
At this time in 2016, the Vancouver Resource Conference and Roundup were so empty, you could have fired a cannonball down the aisles and no one would have been hit! Different story this year – there was a big jump in attendance at the just-completed Resource Conference, while Roundup (ends Thursday) has also been much busier with standing room only at some of the presentations. There is genuine excitement among many retail investors and industry types. Typical of a bull cycle pattern, confidence among investors and CEO’s is now solidifying about 1 year into the actual bull market.
A great indication that there’s a lot of money to be made in the junior resource sector in 2017 is the fact that Jeff Kyba, the long-time highly respected geologist for the B.C. government, has left his government position for his own consulting business. And he has just been retained by Tudor Gold (TUD, TSX-V), one of the Heart of Gold Camp companies we’ll be following closely throughout 2017. Kyba is a STAR in the industry and his contributions on a bigger scale to this prolific district are going to be huge.
Tonight, an updated Venture chart, some stocks “on the move” and how subscribers can line up some more profits.
SAVE 25% on our January Special, ending soon, with a risk-free BMR Basic, Gold or Pro Subscription TODAY – and we’ll show you our proprietary strategies that have delivered unbeatable documented triple-digit returns.
With an industry-leading 100% money-back satisfaction guarantee for new subscribers, you can enjoy unlimited access to all BMR content with a PRO membership.
Sign up NOW or login as a current subscriber with your username and password.
KYBA – red squiggles on both the maps from MTS and GGI from Kyba. If Kyba is a hired gun now, whats holding back either company from hiring him? Kyba could be to the triangle what Shawn Ryan was to the Yukon if things start showing up along his lines this year
Comment by david — January 25, 2017 @ 10:20 am